Netherlands Labour Costs - Forecast

Labour Costs in Netherlands is expected to be 104.09 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Netherlands to stand at 94.23 in 12 months time. In the long-term, the Netherlands Labour Costs is projected to trend around 104.04 Index Points in 2020, according to our econometric models.


Netherlands Labour Costs
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Netherlands Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 3.9 3.9 3.8 4.2 4.4 5.1
Employed Persons 8747 8748 8751 8751 8751 8751
Unemployed Persons 352 348 335 324 315 277
Long Term Unemployment Rate 1.7 1.85 1.85 1.85 1.85 1.85
Youth Unemployment Rate 6.9 6.62 6.32 6.12 5.97 5.63
Labour Costs 104 104 94.22 104 94.23 104
Productivity 32.8 32.8 32.8 32.8 32.79 32.78
Job Vacancies 238 253 249 254 266 291
Minimum Wages 1578 1578 1590 1590 1614 1626
Wage Growth 1.65 1.66 1.64 1.63 1.62 1.61
Wages in Manufacturing 113 114 114 114 114 120
Population 17.08 17.16 17.16 17.16 17.2 17.41
Retirement Age Women 66 66 66 66 66.25 66.5
Retirement Age Men 66 66 66 66 66.25 66.5
Labor Force Participation Rate 63.9 63.99 63.92 63.95 63.91 63.95
Living Wage Family 1450 1450 1450 1450 1560 1560
Living Wage Individual 1080 1066 1068 1069 1068 1058
Wages High Skilled 2940 3000 3000 3000 3050 3050
Part Time Employment 4226 4255 4251 4276 4266 4305
Wages Low Skilled 1670 1690 1690 1690 1690 1750
Employment Change 0.8 0.74 0.8 0.8 0.79 0.8
Employment Rate 76.3 76.36 76.37 76.31 76.28 75.83
Full Time Employment 4208 4255 4287 4259 4251 4305